Utilitywise (AIM:UTW) - Great results from what looks like a cracking little business
The utility cost management consultancy (http://www.utilitywise.com) issued final results full of ‘Ups’ that, not surprisingly, moved the shares sharply higher. It looks an interesting little business but surely it's worth getting a full understanding of the market in which they operate before ploughing in?
Those ‘Ups’..
Proforma revenue was up 25% to £14.6m
Proforma EBITDA up 25% to £4.7m
Proforma PBT up 23% to £4.3m
Proforma EPS up 39%
Since listing in June 2012 the shares have slowly drifted higher and with £8m of cash in the bank it certainly looks an interesting story
The results announcement offered a nice outline of the business
Utilitywise specialises in energy procurement and energy management…
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